Section 1
SECTION 1. Section two, paragraph (a) of Republic Act Numbered 1789, as amended, is hereby amended to read as follows: "SEC. 2. Implementation. — To implement the policy declared in Section one hereof, the procurement, disposition and utilization of all goods and services procured from Japan under the terms of the Reparations Agreement shall be carried out as closely as possible to promote the economic rehabilitation and development of the country and in accordance with the broad program, criteria and priorities established by the National Economic and Development Authority, in addition to the following criteria: "(a) Capital goods and services. — Pursuant to the policy declared in Section one hereof, the capital goods and services received as reparations shall be made available only after due compliance with all the conditions specified in this Act to approved government projects for each year included in the economic and social development program adopted by the National Economic and Development Authority upon application from the agency concerned and duly endorsed by the proper department head concerned and the National Economic and Development Authority, as well as to Filipino citizens and entities wholly owned by Filipino citizens, whose applications must be accompanied in each case by the requisite project study prepared in accordance with the form prescribed for the purpose by the Commission and approved by the National Economic and Development Authority and a sworn statement as to whether the applicant has already been granted any previous application and procurement order and the value of the reparations goods and/or services involved and actually delivered, and who will themselves utilize such goods and/or services as bona fide producers or manufacturers: Provided, That no private person, private company, establishment, or entity shall be granted more than one application for reparations goods and services and in no case the aggregate total of reparations goods and services granted to any such private person, private company, establishment, or entity shall be more than one and a half million dollars, except when a greater amount is necessary for the realization of any project certified by the President of the Philippines after consultation with the National Economic and Development Authority to be vital to the economic development of the country and except further that the applicant may further apply for expanson or development purposes when so authorized by the President of the Philippines after consultation with the National Economic and Development Authority: Provided, further, That where there are two applicants for the same reparations goods, all other things being equal, the person who first applied shall be given preference: Provided, finally, That reparations intended for electrification, educational material, equipment and machinery, including those for fishery and vocational schools, cottage industries, fire-fighting equipment, telecommunications, railroad, base metal mining, steel and cement manufacturing, logging and shipping shall be given top priority. The list of projects shall be given the widest dissemination and publicity possible."